no KYC process
modular interface
mobile apps for Android and iOS
quick transaction time
Phemex cryptocurrency trading platform is named optimistically by the Greek Goddess of fame and good repute Pheme. It is one of the newer crypto derivative exchanges on the market. While everything around it looks and sounds appealing, Phemex still has things to prove.
This Phemex review will focus on explaining how the platform works, is it safe to use and is the company behind Phemex legit?
The platform advertises itself as the fastest cryptocurrency derivatives exchange and has entered with confidence into the financial market.
What is Phemex?
Phemex was founded on Nov 25th 2019., in Singapore, and is owned by Phemex Financial Pte. Ltd. Their stated goal is to become the world’s most trustworthy cryptocurrency derivatives trading platform while maintaining the user-oriented approach. The company is of-shore, registered in the British Virgin Islands, like many other similar crypto companies. The reasons for this are mostly business related – looser regulatory standards and much lower tax rates. In short time, Phemex attracted over 50,000 new users and records more than $700 million of daily trading volume which puts it among the top 10 derivative exchanges on the Coinmarketcap rankings.
Phemex team
Jack Tao, CEO
Yang Du, Trading System Architect
Cecilia Wang, Head of Marketing
Federico Variola, Security and Strategy Consultant
This is a respectable team, consisting of former Morgan Stanley executives with proven track records in the financial world. Phemex currently has a team of 40 employees and is recruiting new staff as we speak. They have already won the public sympathies by donating 10,000 face masks during the Coronavirus outbreak.
Phemex user interface
The homepage, phemex.com is a challenge for your eyes, thanks to the bright white background. Other than that, it is clear cut and intuitive.
Implementing their user-oriented approach, they decided to go with the modular design for the charts and trading tools.
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this is home made food and with my selfies 🙂
thank you!
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